|Topics in this issue include:
|Critical System Updates|
CME Globex Performance Enhancements for Agriculture Futures
Please note: as a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 10%. There will be no changes to functionality or messaging format with these performance improvements. Good 'Till Cancelled and Good 'Till Date (GTC/GTD) orders will not be impacted. This upgrade is designed to enhance our liquid, efficient and competitive marketplace for participants worldwide.
This launch will impact the settlement data blocks on Market Data Incremental Refresh (tag 35-MsgType=X) and Security Definition (tag 35-MsgType=d) messages. Details on the enhancements are available in the Client Impact Assessment.
In addition, the following tag values will no longer be sent in the Market Data Incremental Refresh (tag 35-MsgType=X). As of this release, customer system must not rely on these values:
Certification is not required and there are no new templates. Customers and system providers are encouraged to test the enhancements thoroughly in New Release starting on Monday, February 21.
New Mandatory iLink Tags
To ensure customer readiness CME Group recommends the following action items must be completed prior to the June 5, deadline:
These tags are available in New Release for customer testing. There are no impacts to FIX/FAST market data with this launch. Please contact your Global Account Manager with any questions.
Please see the updated Client Impact Document for a more detailed description of technical and data requirements.
These products are currently available for customer testing in New Release.
August vs. November Soybean Calendar Spread Option (CSO)
In addition a new synthetic future will be launched for the options on August vs. November Soybean future calendar spread.
The new future will have tag 1151-SecurityGroup=SZ4 and tag 55-Symbol=08. Settlement prices will be published for the new synthetic future to support customers’ options pricing model.
The options (tag 1151=SZ4) will identify QC4 as the underlying contract in tag 309-UnderlyingSecurityID of the Security Definition (tag 35-MsgType=d) FIX/FAST message.
The August vs. November Soybean calendar spread options and synthetic futures are available for customer testing.
Expansion of Brazilian Real Futures Contract Month Listings
Pine Prairie Energy Center Natural Gas Futures – Variable Quantity
These are variable quantity contracts, as defined in the FIX/FAST Security Definition message (tag 35-MsgType=d) in tags 871=24, 872=18. The quantity will be defined as:
The Daily/Weekend (PPD) and BALMO (PPB) futures are daily contracts (tags 871=24, 872=19 in the Security Definition message).
In anticipation of these changes, the current PPEC futures will be removed from the CME Globex platform at the close of business on Friday, March 25.
These new futures are currently available in New Release for customer testing.
FIX tag 996-UnitOfMeasure Change for Green Exchange CERplus Futures and Intercommodity Spreads
The unit of measure change for CERplusSM product is available for customer testing in New Release.
Market Data Platform channels and implied functionality will not be impacted.
To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for the impacted futures and spreads after their close on Friday, April 29. After 16:00 CT on Friday, April 29, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).
These changes will be available for customer testing in New Release Monday, April 4.
|Events & Announcements|
CME Group Internal Recovery Simulation Exercise
Please note that CME Group strongly recommends that customers not connect their iLink and Drop Copy systems on Saturday, April 2. At the conclusion of testing CME Group will clear all test data in preparation for the regular market open on Sunday, April 3. In the event customers must bring up their systems on Saturday, we strongly encourage customers to verify that all test data from Saturday is cleared out of their systems prior to Sunday start-up.
If you have any questions, please contact the CME Globex Control Center at 312-456-2391, in Europe at 44-20-7623-4708, or in Asia at 65-6223-1357.
If you are interested in applying for space at CME Group’s co-location facility and haven’t already done so, please note CME Group will begin accepting requests for available space on April 4, 2011. Requests submitted on or after April 4, will be reviewed on a first come, first serve basis based on available capacity at the time of the request.
Additionally, please note, if you are interested in participating in our Phase 1 launch, all contracts must be submitted by May 2, 2011.
To request legal and product related materials to review prior to April 4, or for additional information, please contact your Global Account Manager at 312-634-8700, in Europe at 44-20-7796-7100, or in Asia at 65-6593-5574.